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OPERATING CASH FLOWS AND OTHER SUPPLEMENTAL FINANCIAL INFORMATION | 9 Months Ended
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Sep. 30, 2024
Supplemental Cash Flow Elements [Abstract] |
OPERATING CASH FLOWS AND OTHER SUPPLEMENTAL FINANCIAL INFORMATION | OPERATING CASH FLOWS AND OTHER SUPPLEMENTAL FINANCIAL INFORMATION
| Nine Months Ended September 30,
(in millions) | 2024 |  | 2023
OPERATING ACTIVITIES OF CONTINUING OPERATIONS |  |  |
Net earnings | $ | 787 |  |  | $ | 520 |
Net loss from discontinued operations | (27) |  |  | (12) |
Net earnings from continuing operations | 814 |  |  | 532 |
Adjustments to reconcile net earnings from continuing operations to net cash provided by operating activities from continuing operations: |  |  |
Depreciation and tooling amortization | 444 |  |  | 376 |
Intangible asset amortization | 51 |  |  | 51 |
Restructuring expense, net of cash paid | 8 |  |  | 61 |
Stock-based compensation expense | 46 |  |  | 50 |
Gain on debt extinguishment | (3) |  |  | (28) |
Loss (gain) on sale of businesses | 3 |  |  | (5) |
Deferred income tax (benefit) expense | (79) |  |  | 19 |
Unrealized and realized loss on equity and debt securities | — |  |  | 129 |
Other non-cash adjustments | 2 |  |  | (80) |
Adjustments to reconcile net earnings from continuing operations to net cash provided by operating activities from continuing operations | 472 |  |  | 573 |
Retirement plan contributions | (16) |  |  | (13) |
Changes in assets and liabilities, excluding effects of acquisitions, divestitures and foreign currency translation adjustments: |  |  |
Receivables | (83) |  |  | (767) |
Inventories | (54) |  |  | (126) |
Prepayments and other current assets | (25) |  |  | (16) |
Accounts payable and accrued expenses | (307) |  |  | 301 |
Prepaid taxes and income taxes payable | (58) |  |  | (44) |
Other assets and liabilities | (43) |  |  | 70 |
Net cash provided by operating activities from continuing operations | $ | 700 |  |  | $ | 510 |
SUPPLEMENTAL CASH FLOW INFORMATION |  |  |
Cash paid during the period for: |  |  |
Interest | $ | 96 |  |  | $ | 105 |
Income taxes, net of refunds | $ | 268 |  |  | $ | 284 |
| Balance as of:
Non-cash investing transactions: | September 30, 2024 |  | December 31, 2023
Period end accounts payable related to property, plant and equipment purchases | $ | 106 |  |  | $ | 124 |

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- Definition The entire disclosure for supplemental cash flow activities, including cash, noncash, and part noncash transactions, for the period. Noncash is defined as information about all investing and financing activities of an enterprise during a period that affect recognized assets or liabilities but that do not result in cash receipts or cash payments in the period. "Part noncash" refers to that portion of the transaction not resulting in cash receipts or cash payments in the period. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 230 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/230/tableOfContent + Details
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- References No definition available. + Details
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